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Oracle's Cloudier Future

MKM Partners lowered estimates on the software giant.

March 22, 2013

Oracle (ORCL: Nasdaq) By MKM Partners ($35.77, March 21, 2013)

We maintain our Buy rating and 12-month price target of $38 on Oracle into the seasonally stronger fourth quarter, but acknowledge that weak results will likely weigh on investor sentiment near term, pending reacceleration in growth and improved execution.